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1. You are trying to estimate the NPV of a three-year project, where the discount rate is expected to change over time. Year Cash Flow

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1. You are trying to estimate the NPV of a three-year project, where the discount rate is expected to change over time. Year Cash Flow to Firm Discount Rate (%) -$15,000 9.5% $5,000 10.5% $ 5,000 11.5% $ 10,000 12.5% a. Estimate the NPV of this project. Would you take this project? b. Estimate the IRR of this project. How would you use the IRR to decide whether to take this project

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